The IRS recently confirmed that, for 2022, the aggregate amount that can be given away without being subject to the gift or estate tax will increase to $12.06 million per individual. Thus, as of 2022, a married couple...more
On March 25, 2021, Senator Bernie Sanders introduced the For the 99.5 Percent Act (the “99.5 Percent Act”) which proposes to modify the estate, gift and generation-skipping transfer tax.
Proposed Estate and Gift Tax Rates...more
Over the last few weeks, various taxing authorities have issued guidance alleviating several of the annual upcoming deadlines and provided additional useful tax planning information. The guidance is changing almost daily, and...more
4/1/2020
/ Coronavirus/COVID-19 ,
Corporate Taxes ,
Estate Tax ,
Filing Deadlines ,
Franchise Tax Board ,
Generation-Skipping Transfer ,
Income Taxes ,
Interest Rates ,
IRS ,
Property Tax ,
State of Emergency ,
State Taxes ,
Tax Returns ,
Time Extensions